Spike In BofA Bullish Call Activity Ahead Of FOMC

With under 10 minutes to go to the FOMC decision, traders are scrambling for hints as to what may be coming. One place they are looking is BAC option activity, as this is a company which is in dire need of some monetary love (and at least steepening, hello OT2) from the Chairman. A quick look at the most actives shows that bullish bets far outstrip bearish ones, with almost 75k January 2012 and 2013 $12.5 calls having traded hands (granted it is unclear from this chart if the bulk of the activity was on the bid or offer side). Anyway, so much for guessing: everything will be revealed in just a few minutes...